Month: November 2024
What Nvidia’s Dow inclusion means for the chipmaker, according to history
Investors are expecting the Dow Jones Industrial Average to get a boost from the inclusion of the biggest artificial intelligence beneficiary of the last year. But history shows they may have to wait. The 30-stock Dow has underperformed this year and last after failing to capitalize on the artificial intelligence boom that helped bolster the […]
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Quantifying how much Nvidia will influence the Dow after it joins the storied average
Jensen Huang, co-founder and CEO of Nvidia, speaks during an event in Taipei, Taiwan, on June 2, 2024. Annabelle Chih | Bloomberg | Getty Images Nvidia is joining the storied Dow Jones Industrial Average. We learned on Friday the chipmaker would be added to the blue-chip index, ending months of speculation that began in May […]
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More homeowners just started pulling cash out of their properties. Here’s why.
An aerial view of existing homes near new homes under construction (UPPER R) in the Chatsworth neighborhood on September 08, 2023 in Los Angeles, California. Mario Tama | Getty Images U.S. homeowners are sitting on a record amount of equity, but higher interest rates over the past two years have made them reluctant to tap […]
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Stocks making the biggest moves midday: Nvidia, Berkshire Hathaway, Yum China and more
Check out the companies making headlines in midday trading. Nvidia , Sherwin-Williams – The stocks rose more than 1% and roughly 3%, respectively, on the heels of the announcement that both are going to join the Dow Jones Industrial Average , effective Friday. Nvidia is slated to replace rival chipmaker Intel , while paint manufacturer […]
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Ford’s October vehicle sales increase 15.2% from subdued levels due to labor strike in 2023
The new Ford F-150 truck goes through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan. Bill Pugliano | Getty Images DETROIT — Ford Motor on Monday reported a 15.2% increase in U.S. new vehicles sales in October compared with subdued levels due to a union strike in October […]
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Barry Diller calls timing of The Washington Post’s non-endorsement a ‘blunder’
To Barry Diller, a friend of Amazon founder Jeff Bezos, the decision for The Washington Post not to endorse a candidate in tomorrow’s presidential election was “absolutely principled” — and poorly timed, he said Monday on CNBC’s Squawk Box. “They made a blunder — it should’ve happened months before, and it didn’t, and that’s the […]
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Coinbase, a16z and others pour more than $78 million into pro-crypto PAC for 2026 election
With one day to go until the U.S. general election, crypto companies have already poured tens of millions of dollars into the upcoming 2026 cycle. The pro-crypto and bi-partisan super PAC Fairshake said Monday that the committee and its affiliates have raised $78 million for the 2026 midterm elections. That $78 million includes more than […]
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Barry Diller on potential Uber-Expedia deal: It’s not going to happen
Barry Diller, IAC and Expedia chairman and senior executive, joins ‘Squawk Box’ to discuss the state of the 2024 election, his support for Vice President Kamala Harris, his thoughts on Elon Musk, Uber’s potential acquisition of Expedia, media landscape, and more. Source
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Quincy Jones, musical maestro and entertainment industry titan, dies at 91
Quincy Jones Kevin Mazur | WireImage | Getty Images Quincy Jones, a maestro of American music and a titan of the entertainment industry who influenced nearly every popular genre, produced landmark albums and earned a record 80 Grammy Award nominations, died Sunday, his publicist said. He was 91. Jones “passed away peacefully” Sunday night at his […]
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Germany’s government is on the brink of collapse — here’s what could happen now
German Finance Minister Christian Lindner, Economy and Climate Action Minister Robert Habeck and Chancellor Olaf Scholz attend debates about the 2024 federal budget at the Bundestag on January 31, 2024 in Berlin, Germany. Sean Gallup | Getty Images News | Getty Images Germany’s ruling coalition has long been on shaky ground, amid increasing divisions over […]
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